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melissa: right. >> that take as huge wind out of the sales for that argument. so, you know, the timing is everything. timing was good to buy stocks at beginning of obama. now not necessarily so much. housing is a great place to be because it's cheap. melissa: yeah. spencer patton, great idea. thank you. i feel better. i feel better. thank you so much. >> thank you. melissa: here's the question that we're having fun, you go it, right? what else will we do here? how has the outcome of the election changed your investment strategy? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitter at melissaafrancis which is a lot of fun, i've got to tell you. >>> next on "money" iran fires on a u.s. drone in international airspace. will this push face-to-face negotiations to the forefront or will we stick with sanctions. >>> plus warren buffett rolls the dice on an investment once left for dead where he is seeing potential big profit. how you can jump on this bandwagon. "piles of money", buffett-style, coming up. ♪ . â
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as david was saying when they get together there a lot about denials and thinking that they're right. one of the things that they have working in their favor in a strange way is that michigan mcconnell is up in 2014. so too is john cornon. those two men have to get together and figure out how they handle the tea party whatever the demeanor of the tea heart party. we don't claim to know how they work but they've shown they can bebe a kamikaze. >> eliot: it is a remarkable thing. another phenomenon was the rise of women. new hampshire, now an all female delegation. this is a wonderful thing. what explains this? >> i think what explains it women make up more than half of the voting public in this country. the reporting on women was disaster. women voters, not only women candidates but women voters see that. todd akin lost to claire mccassmccaskill. and then mazie hirono coming out of hawai'i. it will change the tenor of the senate. >> eliot: another phenomenon the progressive caucus is growing. there are going to be a growing number of progressive voices on the hill, pushing harry reid a
as david was saying when they get together there a lot about denials and thinking that they're right. one of the things that they have working in their favor in a strange way is that michigan mcconnell is up in 2014. so too is john cornon. those two men have to get together and figure out how they handle the tea party whatever the demeanor of the tea heart party. we don't claim to know how they work but they've shown they can bebe a kamikaze. >> eliot: it is a remarkable thing. another...
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we ended up right back where we started. i think the leverage -- the bush tax cuts are due to expire. that is the big leveraged. they are going away. if you want to keep them, you have to do something. i think that gives the president ed. i do not know how the fiscal cliff will play out. if i had to guess, i think it will use duct tape and chicken wire and kleenex to get through the next few months if they can get a grand bargain between thanksgiving and christmas shopping. i will be curious to hear with the congressman has to say about that. i think where we are heading his kicking the can down the road for a while the net push for tax reform. can you get there? i cannot know. it was a tough call in 1986. it is tougher now for a lot of reasons. the fiscal issues themselves on the composition of congress. i think that is where we are heading. tax reform is the only way to get the additional revenue without dramatically hiking rates which i do not think anybody is inclined to doing. i think the president has on balance more l
we ended up right back where we started. i think the leverage -- the bush tax cuts are due to expire. that is the big leveraged. they are going away. if you want to keep them, you have to do something. i think that gives the president ed. i do not know how the fiscal cliff will play out. if i had to guess, i think it will use duct tape and chicken wire and kleenex to get through the next few months if they can get a grand bargain between thanksgiving and christmas shopping. i will be curious to...
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obama is done! >> stephanie: right. but that is what i think is -- even chris wallace had to point out, karl rove raised millions of dollars -- it's like they take their marching orders from karl rove. when their own analysts already called the election. >> yeah. there is zero credibility. >> stephanie: don't you think fox news was going what? [ explosion ] >> it is the only place they have, so they'll stick with it. >> stephanie: would you like to hear the ten worst predictions of 2012. [♪ fun-facts music ♪] >> stephanie: number one in pretty much every list dick morris. this is going to be a land side. morris wondered quote if it will replay the whole question of why the media played this race as a nail biter. roger kendall -- >> he is the guy who murdered his wife. >> stephanie: no. obama is toast. he had a book he said romney is going to win big time. he can tell you in three sill bombs, benghazi. karl rove predicted -- peggy noonan oh she borrowed diane sawyer's chardonnay. she said something old is roaring bac
obama is done! >> stephanie: right. but that is what i think is -- even chris wallace had to point out, karl rove raised millions of dollars -- it's like they take their marching orders from karl rove. when their own analysts already called the election. >> yeah. there is zero credibility. >> stephanie: don't you think fox news was going what? [ explosion ] >> it is the only place they have, so they'll stick with it. >> stephanie: would you like to hear the ten...
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peter, stocks got walloped yesterday. >> that's right, tracy. governor romney as you call, waated to replace and repeal dodd-frank financial reform legislation, one of the president's measures after the financial crisis. well, that is not going to happen now. the analysts say the president's victory will embolden the consumer financial protection bureau to get tougher on banks with new enforcement. secondly, regulators are expected to move forward with higher capital rules for big banks which face a greater risk of breakup. that is in part because of the election of their arch foe, consumer advocate, elizabeth warren, to the senate on tuesday night. she is expected to help defend dodd-frank and other existing regulation from republican attack as well as push new limits on banks. >> you took on the powerful wall street banks and special interests and you let them know you want a senator who will be out there fighting for the middle class all of the time. [cheers and applause] >> some analysts believe that warren and other democrats could join for
peter, stocks got walloped yesterday. >> that's right, tracy. governor romney as you call, waated to replace and repeal dodd-frank financial reform legislation, one of the president's measures after the financial crisis. well, that is not going to happen now. the analysts say the president's victory will embolden the consumer financial protection bureau to get tougher on banks with new enforcement. secondly, regulators are expected to move forward with higher capital rules for big banks...
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but nate was right, the polls were right, even without florida being decided, we now know that president obama won in pretty much exactly the way the state-by-state polls said he was going to win. he won with more than 300 electoral votes. it was not magic, it was just math. math that was completely invisible to the political right. >> i believe the minimum result will be 53-47 romney, over 300 electoral votes, and the republicans will pick up the senate. i base that on just years and years of experience. >> the wild card and what i've projected, i'm projecting minnesota to go for romney. >> karl, i'm with you. i think you're more optimistic. i've got this romney three poisons. >> i think ohio is going to be a squeaker, maybe an 80, 100, 110,000 vote margin, but i think the republicans are likely to take it. >> who's going to win this election? charles krauthammer, your best prediction? >> romney, very close, but he'll win the popular by, i think, about half a point, electoral college, i think probably a very narrow margin. >> it will be the biggest surprise in recent american political
but nate was right, the polls were right, even without florida being decided, we now know that president obama won in pretty much exactly the way the state-by-state polls said he was going to win. he won with more than 300 electoral votes. it was not magic, it was just math. math that was completely invisible to the political right. >> i believe the minimum result will be 53-47 romney, over 300 electoral votes, and the republicans will pick up the senate. i base that on just years and...
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i think what you really need right now is the new obama administration to work constructively with the republican house the way the clinton administration did in the '90s. if that happens, then, yes, you will see a very benign outlook next year, but i think there is a risk that that doesn't happen and that's what we need to watch. >> -- >> carl, can i make a point? we're very good now at understanding the u.s. political problems. we analyze them and we spend more time on them than we do company earnings. my point is we've gone for two years now and good companies have grown and the economy's grown and we sit and talk in all these media outlets about the political process instead of the economy, instead of the earnings power. >> good point. >> jim, the last point here is we've not yet mentioned europe and some people believe that having the election here over allows them to let that house of cards fall. bank of england giving up on q.e., even today, some unclear headlines regarding support for greece after their vote. >> i think that in europe what you're going see is a continued supply
i think what you really need right now is the new obama administration to work constructively with the republican house the way the clinton administration did in the '90s. if that happens, then, yes, you will see a very benign outlook next year, but i think there is a risk that that doesn't happen and that's what we need to watch. >> -- >> carl, can i make a point? we're very good now at understanding the u.s. political problems. we analyze them and we spend more time on them than...
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that was good advice for mitt romney and 4 president obama. question right here. >> thank you. one of the constituencies the obama has put on the back shelf is a business. he made a promise that he would double exports within the last four years, but never reached out to industry, other than the auto industry and some of the larger manufacturers. how do you see the next four years? do you think he will be the manufacturing industry to help accomplish what he wants to? >> yes. yesterday he said, "i heard you. i will be a better president." >> cornell woolridge. i was curious with the expansion of the latino votes. bush made inroads along religious lines with the catholic community. i'm wondering what is going to be the next way to make inroads to that community. >> i think that is the frying pan hitting the republican party on the head today, the latino vote. it wasn't as if the right thing was not on the wall. -- it was not as if the writing was not on the wall. this is the fastest growing share of the electorate. >> george bush reached out to the hispanic community. could they
that was good advice for mitt romney and 4 president obama. question right here. >> thank you. one of the constituencies the obama has put on the back shelf is a business. he made a promise that he would double exports within the last four years, but never reached out to industry, other than the auto industry and some of the larger manufacturers. how do you see the next four years? do you think he will be the manufacturing industry to help accomplish what he wants to? >> yes....
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and he happens to be barack obama's brother. >> bill: right. i love that. that's a great story. 1-866-55-press. by the way in -- going back to some of the results in california, some very interesting results in the initiatives there. prop 30 which was jerry brown's plan for a balanced approach to fixing the problem in california, prop 30 was approved by voters. prop 32 which would have denied -- blocked the ability of labor unions to contribute to political candidates, banned labor unions from contributing to political candidates, big victory for organized labor and the unions in california and nationwide. prop 32 lost. unfortunately, the measure to end the death penalty in california which i voted for also lost in california. on president obama and his pickup of such and such great numbers of women voters, latino, african-american and young voters, mary is calling from gainesville, florida. mary, why can't you people down there get this democracy right and why are we still waiting to see how florida went? >> caller: let me tell you something, bill. this pl
and he happens to be barack obama's brother. >> bill: right. i love that. that's a great story. 1-866-55-press. by the way in -- going back to some of the results in california, some very interesting results in the initiatives there. prop 30 which was jerry brown's plan for a balanced approach to fixing the problem in california, prop 30 was approved by voters. prop 32 which would have denied -- blocked the ability of labor unions to contribute to political candidates, banned labor unions...
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but this year, the obama campaign was completely right. and the mitt romney campaign was just dead wrong. dead wrong on ohio. dead wrong on florida. dead wrong on everything they told us off the record. >> well, i'll tell you, part of it is they didn't believe -- the republicans did not believe the youth turnout. they did not believe that it would be as bad with hispanics, and they believed they would overperform. they really just believed that momentum would simply mean a few more voters would show up. you've got to go back, when it comes to plouffe and massena and axelrod, you know, these guys -- i go back all the way to the primaries, back in 2007. you know, they are -- they let their data be their spin. and, you know, in the midterms when barack obama's not on the ballot, the data doesn't work as well. but when he's on the ballot, the data doesn't lie. >> you know, and it's funny, what chuck said, there was a call a week out, one of the conference calls where massena was criticizing the romney people. and it sounded like spin. in a pit
but this year, the obama campaign was completely right. and the mitt romney campaign was just dead wrong. dead wrong on ohio. dead wrong on florida. dead wrong on everything they told us off the record. >> well, i'll tell you, part of it is they didn't believe -- the republicans did not believe the youth turnout. they did not believe that it would be as bad with hispanics, and they believed they would overperform. they really just believed that momentum would simply mean a few more voters...